The EUR/USD’s downtrend worsened, and the pair fell to its lowest level since February 15th of this year. According to the economic calendar, the most recent employment report showed that the U.S. economy added nearly 303,000 jobs last month, the largest increase in 10 months and far exceeding market estimates of a 200,000 increase. In addition, […]
5 key events on Wall Street today
All attention is focused on the release of the expected U.S. monthly employment report, looking for clues as to when the Federal Reserve (Fed) will begin cutting interest rates. Apple (AAPL) has reported its first job cuts since pandemic times, while Treasury Secretary Janet Yellen is visiting China. Here are the five most important things to […]
Wall Street is upbeat: hopes for rate cuts boost stocks
U.S. stocks opened higher on Thursday after disappointing weekly jobless claims data raised the possibility of early interest rate cuts by the Federal Reserve (Fed). Fed Chairman Jerome Powell has given few clues related to rate cuts as the non-farm payrolls report approaches. The number of Americans filing for unemployment benefits increased more than the […]
Ethereum triples first quarter earnings
Ethereum posts $1.2 billion in transaction fee earnings during Q1 2024, a 155% increase compared to the same quarter last year. Ethereum (ETH), the largest blockchain network by transaction volume showed significant growth during Q1 2024, showing positive signs in most of its income statement metrics. According to information from Coin98 Analytics, Ethereum tripled its […]
Dollar loses value in trading
In Wednesday’s currency market, the dollar is trading lower in Europe, though it remains close to its highest levels in over four months, as traders await updates on U.S. interest rates and future economic forecasts This week’s market focus will culminate in the final days with the release of US employment data.. Despite weakening, the dollar may […]
EUR/USD The Downtrend is Strengthening
EUR/USD hit the lowest level in a month and a half and reached 1.0730. The EUR/USD is likely to remain in this trend in expectation of a possible reaction that may be generated by the announcement of the US employment figures this week. Breaking the 1.0800 support level could enable bears to push EUR/USD towards […]
Xiaomi stocks rise after launching its first electric car
Xiaomi launched its first electric vehicle, the SU7, which led to a 15% increase in its shares. The vehicle is priced $4,000 less than the Tesla Model 3 and offers a longer range. Demand for the SU7 was immediate and overwhelming, with more than 50,000 orders placed within almost half an hour of launch, resulting in […]
The dollar rallied to a five-month high
The dollar (USD) reached its highest level in five months on Tuesday, as stronger-than-expected economic data caused investors to halt their bets on a rate cut in June, boosting the currency’s value. However, fears of intervention by Japanese authorities halted the dollar’s gains against the yen, even as long-term yields on U.S. Treasuries, which the […]
Tether increases its holdings of Bitcoin
In the dynamic world of cryptocurrencies, Tether has taken an important step to consolidate its position in the market, increasing its holdings of Bitcoin (BTC) to more than $5 billion. This key move, the result of acquisitions and mergers, highlights Tether’s growing influence in the digital asset sector. With a market capitalization of over $70 billion, Tether […]
Outlook for this week’s most important events
Key points to watch out for: The Federal Reserve reinforces its view The March monetary policy meetings reinforced the likelihood of central banks beginning to cut interest rates by June.However, there are still some doubts about whether inflation is on a downward path especially in the United States. Despite the FOMC’s estimate of three rate […]